StockNews.com Lowers Intevac (NASDAQ:IVAC) to Sell

StockNews.com downgraded shares of Intevac (NASDAQ:IVAC) from a hold rating to a sell rating in a research note published on Friday.

Intevac Stock Down 4.1 %

IVAC opened at $4.21 on Friday. The business has a 50 day moving average price of $3.84 and a two-hundred day moving average price of $3.90. The company has a market cap of $111.90 million, a PE ratio of -11.08 and a beta of 0.73. Intevac has a 52 week low of $3.07 and a 52 week high of $6.48.

Intevac (NASDAQ:IVAC) last posted its quarterly earnings data on Thursday, April 25th. The electronics maker reported ($0.10) EPS for the quarter. The company had revenue of $9.63 million for the quarter. Intevac had a negative net margin of 19.52% and a negative return on equity of 8.17%.

Institutional Trading of Intevac

Several institutional investors and hedge funds have recently added to or reduced their stakes in IVAC. SG Americas Securities LLC purchased a new stake in Intevac during the 3rd quarter valued at approximately $34,000. Teton Advisors Inc. raised its stake in shares of Intevac by 3.3% during the 3rd quarter. Teton Advisors Inc. now owns 317,000 shares of the electronics maker’s stock worth $986,000 after buying an additional 10,000 shares in the last quarter. Gamco Investors INC. ET AL raised its stake in shares of Intevac by 41.1% during the 3rd quarter. Gamco Investors INC. ET AL now owns 552,435 shares of the electronics maker’s stock worth $1,718,000 after buying an additional 160,935 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. raised its stake in shares of Intevac by 59.8% during the 3rd quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 249,511 shares of the electronics maker’s stock worth $776,000 after buying an additional 93,400 shares in the last quarter. Finally, Gabelli Funds LLC raised its stake in shares of Intevac by 44.2% during the 3rd quarter. Gabelli Funds LLC now owns 317,052 shares of the electronics maker’s stock worth $986,000 after buying an additional 97,254 shares in the last quarter. 60.27% of the stock is owned by hedge funds and other institutional investors.

About Intevac

Intevac, Inc, together with its subsidiaries, engages in the designing, developing, and manufacturing thin-film processing systems in the United States, Europe, and Asia. It designs, develops, and markets vacuum process equipment solutions for manufacturing small substrates with precise thin-film properties, such as hard disk drive, advanced coatings, and other adjacent thin-film markets.